Starting Dynare (version 5.0).
Calling Dynare with arguments: noclearall
Starting preprocessing of the model file ...
Found 36 equation(s).
Evaluating expressions...done
Computing static model derivatives (order 1).
Computing dynamic model derivatives (order 1).
Processing outputs ...
done
Preprocessing completed.


EIGENVALUES:
         Modulus             Real        Imaginary

       8.539e-18        8.539e-18                0
       1.038e-17       -1.038e-17                0
        7.57e-17        -7.57e-17                0
       5.827e-16       -5.827e-16                0
            0.65             0.65                0
            0.73             0.73                0
          0.7829           0.7829                0
          0.9932           0.9932                0
               1                1                0
           1.308            1.308                0
           1.733            1.695           0.3605
           1.733            1.695          -0.3605
       1.078e+17        1.078e+17                0
       4.198e+17        4.198e+17                0
       1.396e+18       -1.396e+18                0
       2.028e+18        2.028e+18                0


There are 7 eigenvalue(s) larger than 1 in modulus 
for 7 forward-looking variable(s)

The rank condition is verified.


MODEL SUMMARY

  Number of variables:         36
  Number of stochastic shocks: 2
  Number of state variables:   9
  Number of jumpers:           7
  Number of static variables:  23


MATRIX OF COVARIANCE OF EXOGENOUS SHOCKS
Variables      eps_g1    eps_g2
eps_g1       1.000000  0.000000
eps_g2       0.000000  1.000000



MOMENTS OF SIMULATED VARIABLES
VARIABLE                      MEAN       STD. DEV.        VARIANCE        SKEWNESS        KURTOSIS
federalpurchases         -0.051699        0.168132        0.028268       -0.311993        0.283390
purchases1               -0.018277        0.133303        0.017770        0.049778       -0.451567
purchases2               -0.033422        0.132082        0.017446       -0.107934        0.236954
avmarkup                  0.003763        0.013969        0.000195        0.106324        0.457836
g1ramey                  -0.000075        0.000248        0.000000       -0.099909        0.508394
g2ramey                  -0.000399        0.001313        0.000002       -0.099909        0.508394
mkup1                     0.001502        0.004731        0.000022        0.295914        0.221145
mkup2                     0.007960        0.033975        0.001154        0.137583        0.283121
g1                       -0.002924        0.021328        0.000455        0.049778       -0.451567
g2                       -0.005348        0.021133        0.000447       -0.107934        0.236954
y1                       -0.000345        0.001201        0.000001       -0.325267       -0.015385
y2                       -0.002072        0.008607        0.000074       -0.127678        0.274619
pi1                      -0.000348        0.001046        0.000001       -0.152362        0.400405
pi2                      -0.000337        0.001372        0.000002       -0.140140        0.454896
tau                       0.000449        0.002382        0.000006        0.340154       -0.230824
y                        -0.000950        0.003412        0.000012       -0.098786        0.471433
g                        -0.004717        0.015527        0.000241       -0.099909        0.508394
pi                       -0.000345        0.001122        0.000001       -0.127051        0.546461
i                        -0.000518        0.001644        0.000003       -0.131832        0.521207
c                        -0.000008        0.000715        0.000001       -0.393923       -0.262296
ernesto                   0.000803        0.019393        0.000376        0.375419       -1.249938
p2                        0.000265        0.014386        0.000207        0.504196       -1.044112
ytest                    -0.004725        0.015876        0.000252       -0.097146        0.506403
realrate                 -0.000270        0.000853        0.000001       -0.153003        0.521698
c_output                 -0.000006        0.000572        0.000000       -0.393923       -0.262296
g_output                 -0.000943        0.003105        0.000010       -0.099909        0.508394
pi_c                     -0.000346        0.001096        0.000001       -0.131832        0.521207
i_ann                    -0.006221        0.019731        0.000389       -0.131832        0.521207
eeh1                      0.000068        0.000280        0.000000        0.259654       -0.242906
eeh2                      0.000221        0.000963        0.000001        0.145185        0.186757
eehT                      0.000003        0.000013        0.000000        0.070264        0.549378
db                       -0.003701        0.007570        0.000057       -0.122867       -0.039504
dtaxh                    -0.000248        0.003348        0.000011       -0.238352       -0.161637
pi_g                     -0.000496        0.022544        0.000508       -0.158099       -0.225204
pi1_g                    -0.000439        0.004584        0.000021        0.107017        0.430840
pi2_g                    -0.000516        0.029478        0.000869       -0.142154       -0.228375


CORRELATION OF SIMULATED VARIABLES
VARIABLE            federalpurchases        purchases1        purchases2          avmarkup           g1ramey           g2ramey             mkup1             mkup2                g1                g2                y1                y2               pi1               pi2               tau                 y                 g                pi                 i                 c           ernesto                p2             ytest          realrate          c_output          g_output              pi_c             i_ann              eeh1              eeh2              eehT                db             dtaxh              pi_g             pi1_g             pi2_g
federalpurchases              1.0000            0.6379            0.6292           -0.7667            0.8615            0.8615           -0.9953           -0.6433            0.6379            0.6292            0.9641            0.6403            0.9476            0.7503           -0.1125            0.7861            0.8615            0.8951            0.9131            0.0115            0.0416            0.0558            0.8431            0.9334            0.0115            0.8615            0.9131            0.9131           -0.8862           -0.5778           -0.7984            0.7549            0.4355            0.3480            0.5891            0.3275
purchases1                    0.6379            1.0000           -0.1973           -0.0008            0.1584            0.1584           -0.6567            0.1688            1.0000           -0.1973            0.8119           -0.1782            0.3763            0.0002            0.5005            0.0285            0.1584            0.2281            0.2685           -0.6902            0.1989            0.1385            0.1239            0.3191           -0.6902            0.1584            0.2685            0.2685           -0.9204            0.2577           -0.0476            0.0047            0.0833            0.0463            0.3710            0.0276
purchases2                    0.6292           -0.1973            1.0000           -0.9751            0.9367            0.9367           -0.6041           -0.9892           -0.1973            1.0000            0.4078            0.9949            0.8264            0.9549           -0.6483            0.9718            0.9367            0.9092            0.8913            0.7112           -0.1478           -0.0687            0.9482            0.8660            0.7112            0.9367            0.8913            0.8913           -0.1991           -0.9956           -0.9684            0.9563            0.4703            0.3963            0.3755            0.3890
avmarkup                     -0.7667           -0.0008           -0.9751            1.0000           -0.9823           -0.9823            0.7356            0.9845           -0.0008           -0.9751           -0.5697           -0.9839           -0.9020           -0.9921            0.4899           -0.9991           -0.9823           -0.9709           -0.9569           -0.6262            0.1160            0.0562           -0.9890           -0.9416           -0.6262           -0.9823           -0.9569           -0.9569            0.3824            0.9656            0.9943           -0.9759           -0.5339           -0.4568           -0.4558           -0.4471
g1ramey                       0.8615            0.1584            0.9367           -0.9823            1.0000            1.0000           -0.8430           -0.9360            0.1584            0.9367            0.7007            0.9384            0.9667            0.9618           -0.4742            0.9890            1.0000            0.9972            0.9935            0.4698           -0.0778           -0.0197            0.9992            0.9862            0.4698            1.0000            0.9935            0.9935           -0.5292           -0.9107           -0.9923            0.9648            0.5034            0.4156            0.5107            0.4016
g2ramey                       0.8615            0.1584            0.9367           -0.9823            1.0000            1.0000           -0.8430           -0.9360            0.1584            0.9367            0.7007            0.9384            0.9667            0.9618           -0.4742            0.9890            1.0000            0.9972            0.9935            0.4698           -0.0778           -0.0197            0.9992            0.9862            0.4698            1.0000            0.9935            0.9935           -0.5292           -0.9107           -0.9923            0.9648            0.5034            0.4156            0.5107            0.4016
mkup1                        -0.9953           -0.6567           -0.6041            0.7356           -0.8430           -0.8430            1.0000            0.6055           -0.6567           -0.6041           -0.9735           -0.6065           -0.9458           -0.7082            0.1521           -0.7583           -0.8430           -0.8760           -0.8985            0.0535           -0.0532           -0.0725           -0.8221           -0.9200            0.0535           -0.8430           -0.8985           -0.8985            0.8993            0.5455            0.7758           -0.7296           -0.3901           -0.2986           -0.5860           -0.2766
mkup2                        -0.6433            0.1688           -0.9892            0.9845           -0.9360           -0.9360            0.6055            1.0000            0.1688           -0.9892           -0.4175           -0.9989           -0.8150           -0.9823            0.5362           -0.9776           -0.9360           -0.9140           -0.8918           -0.7495            0.1500            0.0848           -0.9492           -0.8682           -0.7495           -0.9360           -0.8918           -0.8918            0.2167            0.9933            0.9674           -0.9578           -0.5263           -0.4594           -0.3840           -0.4538
g1                            0.6379            1.0000           -0.1973           -0.0008            0.1584            0.1584           -0.6567            0.1688            1.0000           -0.1973            0.8119           -0.1782            0.3763            0.0002            0.5005            0.0285            0.1584            0.2281            0.2685           -0.6902            0.1989            0.1385            0.1239            0.3191           -0.6902            0.1584            0.2685            0.2685           -0.9204            0.2577           -0.0476            0.0047            0.0833            0.0463            0.3710            0.0276
g2                            0.6292           -0.1973            1.0000           -0.9751            0.9367            0.9367           -0.6041           -0.9892           -0.1973            1.0000            0.4078            0.9949            0.8264            0.9549           -0.6483            0.9718            0.9367            0.9092            0.8913            0.7112           -0.1478           -0.0687            0.9482            0.8660            0.7112            0.9367            0.8913            0.8913           -0.1991           -0.9956           -0.9684            0.9563            0.4703            0.3963            0.3755            0.3890
y1                            0.9641            0.8119            0.4078           -0.5697            0.7007            0.7007           -0.9735           -0.4175            0.8119            0.4078            1.0000            0.4155            0.8464            0.5483            0.0342            0.5957            0.7007            0.7474            0.7771           -0.2509            0.1016            0.0981            0.6740            0.8091           -0.2509            0.7007            0.7771            0.7771           -0.9755           -0.3441           -0.6150            0.5663            0.3272            0.2452            0.5662            0.2225
y2                            0.6403           -0.1782            0.9949           -0.9839            0.9384            0.9384           -0.6065           -0.9989           -0.1782            0.9949            0.4155            1.0000            0.8205            0.9760           -0.5727            0.9781            0.9384            0.9146            0.8937            0.7392           -0.1497           -0.0799            0.9511            0.8696            0.7392            0.9384            0.8937            0.8937           -0.2117           -0.9963           -0.9699            0.9595            0.5100            0.4406            0.3822            0.4345
pi1                           0.9476            0.3763            0.8264           -0.9020            0.9667            0.9667           -0.9458           -0.8150            0.3763            0.8264            0.8464            0.8205            1.0000            0.8679           -0.4059            0.9182            0.9667            0.9772            0.9876            0.2284           -0.0186            0.0314            0.9558            0.9922            0.2284            0.9667            0.9876            0.9876           -0.7085           -0.7800           -0.9317            0.8936            0.4406            0.3439            0.5596            0.3249
pi2                           0.7503            0.0002            0.9549           -0.9921            0.9618            0.9618           -0.7082           -0.9823            0.0002            0.9549            0.5483            0.9760            0.8679            1.0000           -0.3968            0.9873            0.9618            0.9536            0.9351            0.6671           -0.1202           -0.0720            0.9708            0.9202            0.6671            0.9618            0.9351            0.9351           -0.3682           -0.9545           -0.9761            0.9615            0.5720            0.5033            0.4463            0.4958
tau                          -0.1125            0.5005           -0.6483            0.4899           -0.4742           -0.4742            0.1521            0.5362            0.5005           -0.6483            0.0342           -0.5727           -0.4059           -0.3968            1.0000           -0.4978           -0.4742           -0.4157           -0.4149           -0.3948            0.1229            0.0001           -0.4816           -0.3801           -0.3948           -0.4742           -0.4149           -0.4149           -0.2132            0.6230            0.5219           -0.5152            0.0209            0.0846           -0.0693            0.0912
y                             0.7861            0.0285            0.9718           -0.9991            0.9890            0.9890           -0.7583           -0.9776            0.0285            0.9718            0.5957            0.9781            0.9182            0.9873           -0.4978            1.0000            0.9890            0.9787            0.9670            0.5953           -0.1089           -0.0481            0.9941            0.9530            0.5953            0.9890            0.9670            0.9670           -0.4102           -0.9585           -0.9972            0.9768            0.5252            0.4452            0.4671            0.4346
g                             0.8615            0.1584            0.9367           -0.9823            1.0000            1.0000           -0.8430           -0.9360            0.1584            0.9367            0.7007            0.9384            0.9667            0.9618           -0.4742            0.9890            1.0000            0.9972            0.9935            0.4698           -0.0778           -0.0197            0.9992            0.9862            0.4698            1.0000            0.9935            0.9935           -0.5292           -0.9107           -0.9923            0.9648            0.5034            0.4156            0.5107            0.4016
pi                            0.8951            0.2281            0.9092           -0.9709            0.9972            0.9972           -0.8760           -0.9140            0.2281            0.9092            0.7474            0.9146            0.9772            0.9536           -0.4157            0.9787            0.9972            1.0000            0.9984            0.4237           -0.0627           -0.0118            0.9944            0.9948            0.4237            0.9972            0.9984            0.9984           -0.5868           -0.8809           -0.9820            0.9527            0.5116            0.4237            0.5300            0.4089
i                             0.9131            0.2685            0.8913           -0.9569            0.9935            0.9935           -0.8985           -0.8918            0.2685            0.8913            0.7771            0.8937            0.9876            0.9351           -0.4149            0.9670            0.9935            0.9984            1.0000            0.3737           -0.0513           -0.0003            0.9886            0.9986            0.3737            0.9935            1.0000            1.0000           -0.6218           -0.8580           -0.9730            0.9413            0.4950            0.4044            0.5403            0.3884
c                             0.0115           -0.6902            0.7112           -0.6262            0.4698            0.4698            0.0535           -0.7495           -0.6902            0.7112           -0.2509            0.7392            0.2284            0.6671           -0.3948            0.5953            0.4698            0.4237            0.3737            1.0000           -0.2270           -0.1799            0.5046            0.3301            1.0000            0.4698            0.3737            0.3737            0.4267           -0.7728           -0.5608            0.5887            0.3993            0.3990            0.0134            0.4116
ernesto                       0.0416            0.1989           -0.1478            0.1160           -0.0778           -0.0778           -0.0532            0.1500            0.1989           -0.1478            0.1016           -0.1497           -0.0186           -0.1202            0.1229           -0.1089           -0.0778           -0.0627           -0.0513           -0.2270            1.0000            0.9924           -0.0863           -0.0400           -0.2270           -0.0778           -0.0513           -0.0513           -0.1427            0.1621            0.1517            0.0944           -0.0788           -0.0904           -0.0758           -0.0893
p2                            0.0558            0.1385           -0.0687            0.0562           -0.0197           -0.0197           -0.0725            0.0848            0.1385           -0.0687            0.0981           -0.0799            0.0314           -0.0720            0.0001           -0.0481           -0.0197           -0.0118           -0.0003           -0.1799            0.9924            1.0000           -0.0274            0.0068           -0.1799           -0.0197           -0.0003           -0.0003           -0.1174            0.0862            0.0883            0.1589           -0.0820           -0.1016           -0.0678           -0.1013
ytest                         0.8431            0.1239            0.9482           -0.9890            0.9992            0.9992           -0.8221           -0.9492            0.1239            0.9482            0.6740            0.9511            0.9558            0.9708           -0.4816            0.9941            0.9992            0.9944            0.9886            0.5046           -0.0863           -0.0274            1.0000            0.9794            0.5046            0.9992            0.9886            0.9886           -0.4984           -0.9255           -0.9958            0.9701            0.5104            0.4245            0.5001            0.4114
realrate                      0.9334            0.3191            0.8660           -0.9416            0.9862            0.9862           -0.9200           -0.8682            0.3191            0.8660            0.8091            0.8696            0.9922            0.9202           -0.3801            0.9530            0.9862            0.9948            0.9986            0.3301           -0.0400            0.0068            0.9794            1.0000            0.3301            0.9862            0.9986            0.9986           -0.6623           -0.8301           -0.9600            0.9263            0.4920            0.4008            0.5520            0.3841
c_output                      0.0115           -0.6902            0.7112           -0.6262            0.4698            0.4698            0.0535           -0.7495           -0.6902            0.7112           -0.2509            0.7392            0.2284            0.6671           -0.3948            0.5953            0.4698            0.4237            0.3737            1.0000           -0.2270           -0.1799            0.5046            0.3301            1.0000            0.4698            0.3737            0.3737            0.4267           -0.7728           -0.5608            0.5887            0.3993            0.3990            0.0134            0.4116
g_output                      0.8615            0.1584            0.9367           -0.9823            1.0000            1.0000           -0.8430           -0.9360            0.1584            0.9367            0.7007            0.9384            0.9667            0.9618           -0.4742            0.9890            1.0000            0.9972            0.9935            0.4698           -0.0778           -0.0197            0.9992            0.9862            0.4698            1.0000            0.9935            0.9935           -0.5292           -0.9107           -0.9923            0.9648            0.5034            0.4156            0.5107            0.4016
pi_c                          0.9131            0.2685            0.8913           -0.9569            0.9935            0.9935           -0.8985           -0.8918            0.2685            0.8913            0.7771            0.8937            0.9876            0.9351           -0.4149            0.9670            0.9935            0.9984            1.0000            0.3737           -0.0513           -0.0003            0.9886            0.9986            0.3737            0.9935            1.0000            1.0000           -0.6218           -0.8580           -0.9730            0.9413            0.4950            0.4044            0.5403            0.3884
i_ann                         0.9131            0.2685            0.8913           -0.9569            0.9935            0.9935           -0.8985           -0.8918            0.2685            0.8913            0.7771            0.8937            0.9876            0.9351           -0.4149            0.9670            0.9935            0.9984            1.0000            0.3737           -0.0513           -0.0003            0.9886            0.9986            0.3737            0.9935            1.0000            1.0000           -0.6218           -0.8580           -0.9730            0.9413            0.4950            0.4044            0.5403            0.3884
eeh1                         -0.8862           -0.9204           -0.1991            0.3824           -0.5292           -0.5292            0.8993            0.2167           -0.9204           -0.1991           -0.9755           -0.2117           -0.7085           -0.3682           -0.2132           -0.4102           -0.5292           -0.5868           -0.6218            0.4267           -0.1427           -0.1174           -0.4984           -0.6623            0.4267           -0.5292           -0.6218           -0.6218            1.0000            0.1339            0.4301           -0.3814           -0.2518           -0.1831           -0.5191           -0.1608
eeh2                         -0.5778            0.2577           -0.9956            0.9656           -0.9107           -0.9107            0.5455            0.9933            0.2577           -0.9956           -0.3441           -0.9963           -0.7800           -0.9545            0.6230           -0.9585           -0.9107           -0.8809           -0.8580           -0.7728            0.1621            0.0862           -0.9255           -0.8301           -0.7728           -0.9107           -0.8580           -0.8580            0.1339            1.0000            0.9503           -0.9429           -0.4844           -0.4177           -0.3456           -0.4128
eehT                         -0.7984           -0.0476           -0.9684            0.9943           -0.9923           -0.9923            0.7758            0.9674           -0.0476           -0.9684           -0.6150           -0.9699           -0.9317           -0.9761            0.5219           -0.9972           -0.9923           -0.9820           -0.9730           -0.5608            0.1517            0.0883           -0.9958           -0.9600           -0.5608           -0.9923           -0.9730           -0.9730            0.4301            0.9503            1.0000           -0.9641           -0.5085           -0.4254           -0.4804           -0.4134
db                            0.7549            0.0047            0.9563           -0.9759            0.9648            0.9648           -0.7296           -0.9578            0.0047            0.9563            0.5663            0.9595            0.8936            0.9615           -0.5152            0.9768            0.9648            0.9527            0.9413            0.5887            0.0944            0.1589            0.9701            0.9263            0.5887            0.9648            0.9413            0.9413           -0.3814           -0.9429           -0.9641            1.0000            0.4974            0.4169            0.4230            0.4077
dtaxh                         0.4355            0.0833            0.4703           -0.5339            0.5034            0.5034           -0.3901           -0.5263            0.0833            0.4703            0.3272            0.5100            0.4406            0.5720            0.0209            0.5252            0.5034            0.5116            0.4950            0.3993           -0.0788           -0.0820            0.5104            0.4920            0.3993            0.5034            0.4950            0.4950           -0.2518           -0.4844           -0.5085            0.4974            1.0000            0.9885            0.7270            0.9819
pi_g                          0.3480            0.0463            0.3963           -0.4568            0.4156            0.4156           -0.2986           -0.4594            0.0463            0.3963            0.2452            0.4406            0.3439            0.5033            0.0846            0.4452            0.4156            0.4237            0.4044            0.3990           -0.0904           -0.1016            0.4245            0.4008            0.3990            0.4156            0.4044            0.4044           -0.1831           -0.4177           -0.4254            0.4169            0.9885            1.0000            0.6292            0.9991
pi1_g                         0.5891            0.3710            0.3755           -0.4558            0.5107            0.5107           -0.5860           -0.3840            0.3710            0.3755            0.5662            0.3822            0.5596            0.4463           -0.0693            0.4671            0.5107            0.5300            0.5403            0.0134           -0.0758           -0.0678            0.5001            0.5520            0.0134            0.5107            0.5403            0.5403           -0.5191           -0.3456           -0.4804            0.4230            0.7270            0.6292            1.0000            0.5956
pi2_g                         0.3275            0.0276            0.3890           -0.4471            0.4016            0.4016           -0.2766           -0.4538            0.0276            0.3890            0.2225            0.4345            0.3249            0.4958            0.0912            0.4346            0.4016            0.4089            0.3884            0.4116           -0.0893           -0.1013            0.4114            0.3841            0.4116            0.4016            0.3884            0.3884           -0.1608           -0.4128           -0.4134            0.4077            0.9819            0.9991            0.5956            1.0000


AUTOCORRELATION OF SIMULATED VARIABLES
VARIABLE                 1       2       3       4       5
federalpurchases    0.6021  0.2509  0.0598 -0.0610 -0.1551
purchases1          0.6467  0.3650  0.1990  0.0775  0.0351
purchases2          0.6917  0.4317  0.2919  0.1690  0.0300
avmarkup            0.6404  0.3367  0.1863  0.0709 -0.0622
g1ramey             0.6515  0.3451  0.1821  0.0596 -0.0766
g2ramey             0.6515  0.3451  0.1821  0.0596 -0.0766
mkup1               0.6060  0.2610  0.0652 -0.0661 -0.1633
mkup2               0.6415  0.3505  0.2101  0.0953 -0.0347
g1                  0.6467  0.3650  0.1990  0.0775  0.0351
g2                  0.6917  0.4317  0.2919  0.1690  0.0300
y1                  0.5946  0.2475  0.0501 -0.0785 -0.1514
y2                  0.6563  0.3745  0.2342  0.1169 -0.0160
pi1                 0.6487  0.3334  0.1520  0.0176 -0.1130
pi2                 0.6087  0.2868  0.1387  0.0314 -0.0923
tau                 0.9488  0.8594  0.7482  0.6266  0.5047
y                   0.6465  0.3446  0.1918  0.0745 -0.0605
g                   0.6515  0.3451  0.1821  0.0596 -0.0766
pi                  0.6375  0.3187  0.1516  0.0315 -0.0994
i                   0.6413  0.3234  0.1525  0.0289 -0.1024
c                   0.5656  0.2693  0.1300 -0.0018 -0.0846
ernesto             0.9917  0.9825  0.9716  0.9600  0.9483
p2                  0.9907  0.9773  0.9616  0.9451  0.9288
ytest               0.6505  0.3454  0.1852  0.0643 -0.0719
realrate            0.6349  0.3109  0.1366  0.0133 -0.1144
c_output            0.5656  0.2693  0.1300 -0.0018 -0.0846
g_output            0.6515  0.3451  0.1821  0.0596 -0.0766
pi_c                0.6413  0.3234  0.1525  0.0289 -0.1024
i_ann               0.6413  0.3234  0.1525  0.0289 -0.1024
eeh1                0.6009  0.2671  0.0757 -0.0499 -0.1039
eeh2                0.6723  0.4053  0.2690  0.1496  0.0169
eehT                0.6650  0.3744  0.2204  0.0999 -0.0375
db                  0.6448  0.3431  0.1941  0.0782 -0.0551
dtaxh              -0.0510 -0.2038 -0.0443  0.0157 -0.0871
pi_g               -0.0733 -0.2110 -0.0403  0.0109 -0.0905
pi1_g              -0.0141 -0.1559 -0.0593 -0.0399 -0.1258
pi2_g              -0.0774 -0.2090 -0.0364  0.0087 -0.0933



VARIANCE DECOMPOSITION SIMULATING ONE SHOCK AT A TIME (in percent)
                              eps_g1            eps_g2  Tot. lin. contr.
federalpurchases               63.50             62.34            125.83
purchases1                    101.01              0.00            101.01
purchases2                      0.00            101.01            101.01
avmarkup                        4.20            107.01            111.21
g1ramey                        12.88            102.46            115.35
g2ramey                        12.88            102.46            115.35
mkup1                          66.69             57.74            124.43
mkup2                           0.62            104.44            105.06
g1                            101.01              0.00            101.01
g2                              0.00            101.01            101.01
y1                             87.77             34.60            122.38
y2                              0.29            103.59            103.88
pi1                            32.74             86.97            119.71
pi2                             4.94            107.91            112.84
tau                            25.11             49.84             74.94
y                               5.31            106.45            111.76
g                              12.88            102.46            115.35
pi                             18.08            100.16            118.24
i                              21.64             97.20            118.84
c                              40.04             52.54             92.58
ernesto                         4.04             92.33             96.37
p2                              3.10             96.21             99.31
ytest                          10.53            103.92            114.45
realrate                       26.31             94.10            120.41
c_output                       40.04             52.54             92.58
g_output                       12.88            102.46            115.35
pi_c                           21.64             97.20            118.84
i_ann                          21.64             97.20            118.84
eeh1                          101.15             15.55            116.70
eeh2                            0.58             99.48            100.07
eehT                            6.53            104.99            111.52
db                              3.64            107.37            111.01
dtaxh                           2.12            100.15            102.28
pi_g                            0.20            100.56            100.77
pi1_g                          61.50             46.57            108.07
pi2_g                           0.21            100.19            100.40
Note: numbers do not add up to 100 due to non-zero correlation of simulated shocks in small samples

Total computing time : 0h00m06s
